RELATING TO MORTGAGE SERVICERS.
Summary
Requires mortgage servicer licensees to establish an education program that includes development of internal policies, procedures, and controls and a continuing education program for its employees. Defines "nonprofit organization" and lowers the application fee and renewal license fee for nonprofit corporations under the State's mortgage servicer law. Effective 7/1/2050. (SD1)
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2017
Committee Review
Mar 2017
Senate Passage
Mar 2017
House Passage
Governor
Introduced Jan 20, 2017
Last action Nov 30, 2017
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
13
Key actions
3
Committee
4
Mar 9, 2017
Committee
Referred to IAC/HSG, CPC, referral sheet 27
lower
Mar 7, 2017
Introduced
Received from Senate (Sen. Com. No. 229) in amended form (SD 1).
lower
Mar 7, 2017
Upper · Passed
Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
upper
Feb 27, 2017
Upper · Passed
The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 5 Aye(s): Senator(s) Baker, Nishihara, S. Chang, Espero, Ihara; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Ruderman.
upper
Feb 17, 2017
Upper · Passed
The committee(s) on CPH added the measure to the public hearing scheduled on 02-27-17 9:30AM in conference room 229.
upper
Jan 23, 2017
Committee
Referred to CPH.
upper
Jan 20, 2017
Introduced
Introduced.
upper
4 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
CK
Clarence K. Nishihara
DDemocratic
P
Donovan Dela Cruz
DDemocratic
P
Gilbert S.C. Keith-Agaran
DDemocratic
P
WE
Will Espero
DDemocratic
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